IntoTheVerse — What is Web3 gaming and how is it redefining the gaming industry?
Welcome to another IntoTheVerse Journal!
A metaverse that is focused on creating utility, impact and provides players with total control.
“The difference between the possible and impossible lies in a man’s determination.” (Tommy Lasorda)
What is Web3 Gaming?
Web3 gaming refers to video games that are built on decentralized platforms such as blockchain. It offers players the ability to truly own in-game assets, participate in in-game economies and vote on game governance issues.
It is essentially the next phase of gaming, which aims to create a more secure, transparent, and fair gaming experience for players. These games also incorporate digital assets, such as cryptocurrencies or NFTs (non-fungible tokens).
How is Web3 redefining the gaming industry?
Web3 Games are redefining the industry through inclusiveness, innovation, and positive real-life changes for players. By implementing an ecosystem that is player-focused, they are challenging the traditional limitations of gaming through the following measures:
Ownership
Web3 games give player ownership over their assets by placing them on a transparent public blockchain. This gives players the freedom to buy, sell, and trade assets on secondary markets, and use them in other Web3 games.
New Economic Models
Web3 gaming allows players to earn cryptocurrency or tokens for participating in the game. These rewards can provide additional income and ensure players are generating greater financial security and growth while they participate in an activity they love.
Web3 Games also take a community-driven approach to governance, allowing players to vote on changes to the rules or economy, which gives them increased control over the dynamics of the game.
Creating unique in-game assets
Blockchain enables players to create unique in-game assets that cannot be duplicated or counterfeited. Smart contracts also ensure players enjoy trusted, automated in-game transactions and rewards.
Transparency
All Web3 games offer transparency and security because every event and transaction is recorded and publicly available on the blockchain, which means that they can’t be altered or manipulated by anyone.
Interoperability
Web3 games are designed so players can use their digital assets across different games and platforms. This interoperability gives players more control over their digital assets and creates a more open and collaborative gaming ecosystem.
Sense of Community
Web3 games want to create a strong sense of community by allowing players to actively contribute to the development and growth of the game. This participation enables players to vote on key decisions, propose new game features, and even have a chance to contribute their skills in the development process.
Real-World Positive Changes
Some Web3 games are even going a step further to create positive real-world change by rewarding player participation with incentives that have a lasting impact on the environment, helping poor communities, education and employment, climate change, and much more.
Overall, Web3 is creating a more democratic and player-focused gaming industry. By enabling players to have ownership over their gaming experience, giving them the ability to monetize and transfer assets over multiple platforms and be able to receive real-world rewards, Web3 gaming is transforming gaming from a simple recreational activity to a construct that can enhance their everyday lives.
Check out some recommended Web3 games to watch out for in 2023:
Wildchain
Wildchain is a play-to-impact mobile game that lets you digitally adopt endangered animals and support real-world conservation initiatives.
You can hatch and raise animals, grow your own wildlife sanctuary, fight off threats, and save them from the 6th mass extinction in real life. You can also earn $WILD by playing the game.
IntoTheVerse
IntoTheVerse’s metaverse is a pixel replication of the real world that we live in. People live in a crypto-native city in a social metaverse and can access banks, shops, museums, and farms and partake in recreational activities.
The Web3 Game is called Dungeon Hunt and is a novel Play-To-Earn Role-Playing dungeon crawler game, built on Celo Blockchain. It is an RPG, that incorporates a Play, Own, and Earn model.
As you play you help impact real-world initiatives. Check out our article IntoTheVerse Our Journey: What we are building on Celo to find out more.
Hazel
Hazelverse is a climate-positive NFT game for mobile.
Play and fund real-world carbon removal to earn in-game boosts. Or players can play for free and fund carbon removal with a portion of each NFT sale they make.
We’ve only been able to give you a snippet of all the incredible Web3 games launching this year. Stay tuned on our journey as we launch and celebrate other great Web3 companies and innovators.
IntoTheVerse is a building a mobile-first, composable, NFT-Utility & Impact driven gaming Metaverse.
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We are also live on Solana RealmsDAO and CeloHub
The IntoTheVerse team!
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Aimee Gilmore is a Creative Writer at IntoTheVerse. Come say hi to her on Twitter or Discord.
